News Roundup Archives | Page 522 of 715

Random

News Roundup

This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.

Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.

Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.

To join our newsletter community please subscribe here.

News Roundup Online Lending

·Jan. 3, 2017

Lend Academy Article: Marketplace Lending Predictions for 2017

Lend Academy provides 2017 predictions for the industry and analyzes last year's predictions in their article; predictions for 2016 that did occur included a new auto lending product at Lending Club, online lending platform launches from banks, an increased focus on retail investors and a new industry trade association; in 2017 predictions include at least a dozen new bank partnerships, positive reception for the Office of the Comptroller of the Currency's fintech charter, lending platforms offering banking products, increased use of artificial intelligence and significant foreign investment from China in US platforms. Source

Read Full Story

Europe Fintech News Roundup

·Oct. 13, 2017

Revolut’s Growth and Culture Preach Results

In an interview with Business Insider at LendIt Europe Revolut CEO Nikolay Storonsky discussed the company’s continued record growth and office culture; he explains, "Nowadays people are all international. Banks are not providing this service. The vision for us is alternative global banking. Anyone in the world can just download the Revolut app and set up a local bank account to access any services they need.”; the interview also touched on the drive of his employees and his kite surfing hobby. Source.

Read Full Story

Asia/Pac News Roundup Online Lending

·Feb. 21, 2017

Global Financial Innovation Ushering in New Singularity

Nuoyuan Technology is optimistic about financial innovation in China and globally; the firm is growing its business in China and through its subordinate business, Nuoyuan Online Platform, offers a service that connects borrowers with lenders; Nuoyuan Online has now helped to finance over 5 billion RMB and has over 600,000 users; in their featured blog post they discuss the global market for fintech innovation and their expectations for the future. Sponsored Blog Post

Read Full Story

News Roundup Online Lending USA

·Aug. 30, 2017

Modern Lenders versus Traditional Banks

Pymnts.com talks with OnDeck executives and reports on alternative lending volumes; online small business lender OnDeck has loaned more than $7 billion to merchants since 2007; OnDeck Chief Revenue Officer Andrea Gellert and Vice President of Marketing and Communications Jim Larkin provide insights on the lending market and OnDeck's lending processes; discuss OnDeck's partnership with JPMorgan and how collaboration is benefiting small and medium size business. Source

Read Full Story

Asia/Pac News Roundup

·Nov. 10, 2016

India Bans Rs 500 and Rs 1,000 Currency Notes

The Prime Minister of India has announced a ban on Rs 500 and Rs 1,000 currency notes in India in an effort to fight corruption; P2P platform i2iFunding says the ban will help P2P lenders by reducing cash-based lending in the country and requiring citizens to utilize digital finance solutions; earlier in 2016 the Reserve Bank of India said it would be issuing guidelines for P2P lenders; i2iFunding says the focus on cash-based corruption will now be the central bank's focus; in October, leading P2P lenders formed the Alternate Finance and P2P Lenders Association; founding members Monexo, Lend-Box, LoanMeet, i-lend and Faircent have been the most active. Source

Read Full Story

Fintech News Roundup USA

·Apr. 25, 2017

Chart of the Week: US Leads in Fintech Patents

Global fintech patents reached 9,546 in 2016 with a growth rate of 49% over the past five years; the US leads in fintech patents with 4,523 and it has twice as many fintech patents as the second ranking country, China; both startups and traditional financial services firms have been active in the patent process for new fintech technology. Source

Read Full Story

Europe Fintech News Roundup

·Feb. 14, 2017

TrueLayer Launches Private Beta API Platform

The API platform will help support banks connectivity with fintech developers; it will provide easy access for new apps and services while also facilitating new innovative solutions for financial institutions; the platform is designed for universal access allowing developers to offer connectivity to multiple institutions through the TrueLayer API platform; the platform also provides for regulatory compliance; its release will significantly promote the development of fintech apps which now have a substantial market opportunity available in the UK due to PSD2 regulations which require financial institutions to allow third parties to access customer data; the private beta API platform is currently available in the UK and the company has plans for expansion to other countries in Europe in 2017. Source

Read Full Story

Europe News Roundup Online Lending

·Apr. 27, 2017

UK P2PFA Releases First Quarter Report on Marketplace Lending

Cumulative lending for the Association's members is now GBP8.5 billion; the Association's nine platforms originated GBP1.004 billion ($1.29 billion) in the first quarter with originations led by Funding Circle with GBP328.1 million ($421.6 million); business lending originations totaled GBP636.2 million ($817.5 million) and reported an increase of 17% from the previous quarter and 43% from the first quarter of 2016; overall, Zopa leads cumulative originations with GBP2.17 billion ($2.79 billion) and Funding Circle is following at a close second with GBP2.16 billion ($2.78 billion). Source

Read Full Story

Fintech News Roundup

·Jan. 26, 2017

Chart: SeedInvest Posts Two of Equity Crowdfunding’s Top Ten Investments

A New York Times article featuring Ryan Feit of SeedInvest identifies some of the high risks involved with equity crowdfund investing; Feit provides some insight on his platform's due diligence process for listing equity crowdfunding campaigns; noted in the chart below, SeedInvest has posted two of the market's top ten investments; according to NextGen, Wefunder has been the source for the equity crowdfunding market's most successful campaigns. Source

NY Times Equity Crowdfunding Chart